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Re: frankie_fillet post# 1097

Wednesday, 09/17/2008 11:17:24 AM

Wednesday, September 17, 2008 11:17:24 AM

Post# of 1334
Since Mick Rynning spent the immediate 18 months prior to coming to GWDC as the CEO of Ellianos, I can't imagine that there is much that will come up in due diligence that surprises him. In an alternate universe, Mick Rynning could still be working for his former bosses and just providing an exit for a stalled franchise business at the expense of GWDC. I doubt this, but since none of the Ellianos information is public it's hard to tell. One thing of note - Ellianos had 8 locations in 2007 when Rynning took over. Today they have 8 locations. Not sure how the GWDC relationship will spur additional growth of stores, but at least it will provide 8 additional outlets for GWDC coffee. Would like to see that be more like 80 or 800 but that will be in a few (or many) years... by then we who are buyers at these levels will be millionaires several times over.
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